Posted on 03/11/2008 9:16:13 AM PDT by dragnet2
That's today's message from UCLA experts as they release their quarterly report predicting California's economy will slow to a crawl - but won't sink into negative territory
The forecast calls for job growth to pick up next year but remain under 2 percent through the third quarter of 2010.
The forecast also notes:
In the fourth quarter of 2007, the state added 104,000 jobs from a year earlier. Most were in Los Angeles County and the Bay Area.
Both regions have a diversified economy that includes trade and service sectors.
Both have established residential areas with less exposure to the new home market, which is suffering now in the real estate meltdown.
(Excerpt) Read more at sgvtribune.com ...
They are eventually going to have a recession. The only question is whether it will be during the Bush Admin, or his successor.
For the Bay area and LA area, this is key in regards to the RE issue...”Both have established residential areas with less exposure to the new home market, which is suffering now in the real estate meltdown”.
Experts see into crystal ball, see inside of back of head.
Well with Cal contributing almost 14 percent of the U.S. GDP, everyone else better hope for the best.
No mention of the states $16 billion dollar budget shortfall.
Hope is about what we have left. BTW Hope is in orbit, launched aboard the Space Shuttle last night.
BTW, tagging along is astronaut Garrett Reisman who earned his Ph.D. in mechanical engineering at the California Institute of Technology. He's the one I believe that will be dropped off and staying up in the ISS.
...women and minorities hardest hit.
You can throw in a few million other working class Americans into that comment.
...I guess you had to be there.
Yeah...Well I guess them and the rest of the leftist Communist have been using that for many years now..I didn’t know the NY Times coined the phrase though.
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